Bitcoin (BTCUSD) - Bullish Breakout from Strong Falling WedgeBitcoin is currently showing signs of a potential breakout from a strong falling wedge pattern on the 4H chart, which is a classic bullish reversal signal.
🔍 Technical Highlights:
The falling wedge has been forming since late January, creating a series of lower highs and lower lows.
Price action is now consolidating near the wedge resistance, indicating an impending breakout.
A previous bullish leg saw a price rally of 25,428.16 (+30.29%), suggesting strong historical momentum.
If BTC breaks out cleanly, we could see a similar or stronger move—projecting a potential rally of 28,086.24 (+31.12%).
📈 Expected Target : ~$118,141, aligning with the measured move from the wedge breakout.
🧠 Trading Insigh t: Watch for a confirmed breakout with strong volume above the wedge resistance zone. Retests of the breakout area can offer ideal entries for continuation trades.
